Arsenal Resources Files for Speedy Chapter 11 Bankruptcy

The parent holding company for Marcellus driller Arsenal Resources, Arsenal Energy Holdings LLC, is applying for what has to be the fastest "prepackaged bankruptcy" we've ever heard of. Yesterday (Feb. 4) the company filed, claiming nearly all of its outstanding "stakeholders" are on board with the plan--and they aim to exit bankruptcy on Valentine's Day, Feb. 14.

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